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Project and Portfolio Selection

In: An Introduction to Project Modeling and Planning

Author

Listed:
  • Gündüz Ulusoy

    (Sabancı University)

  • Öncü Hazır

    (Rennes School of Business)

Abstract

Selecting one or more projects out of a set of candidate projects to maintain a project portfolio under limited resources is a critical decision for organizations. The project selection problem is inherently a multi-objective problem and is treated as such in this Chapter. Several models and solution techniques including Analytic Hierarchy Process (AHP), Multi-Objective Linear Programming, Goal Programming are introduced. Sensitivity analysis of the solutions is performed. In addition to AHP, several multi-objective mathematical programming models are introduced for selecting the projects effectively. Finally, a case study that addresses a real life project portfolio selection and scheduling problem is presented.

Suggested Citation

  • Gündüz Ulusoy & Öncü Hazır, 2021. "Project and Portfolio Selection," Springer Texts in Business and Economics, in: An Introduction to Project Modeling and Planning, edition 1, chapter 0, pages 407-456, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-61423-2_14
    DOI: 10.1007/978-3-030-61423-2_14
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